Margin Call (film)

The Great Crash - Margin Call ( Original Title: Margin Call, literally: Value compensation; demand additional collateral) is a thriller from 2011, directed by JC Chandor, who also wrote the screenplay. The film was produced by Before the Door Pictures.

Action

Eric Dale, a risk manager for a large bank is terminated by professional Entlassern. It tells him that he for safety reasons now have no access to his computer more and his mobile phone was locked. He may even pack his personal belongings and then have to go. A bank's internal security officer accompanied him to the elevator. Here is Eric Dale during the brief farewell to one of its employees, Peter Sullivan, the opportunity to give this a USB stick with data. He warns, however, Sullivan before the information it contains.

While all bank employees leave for the evening, Sullivan remains at work, opens the data on the USB stick and expects the information thereon by Eric Dale to. With some corrections he comes to the same conclusion as Dale and immediately notified his colleagues Seth Bregman and his boss Will Emerson; this immediately informed his boss Sam Rogers. As a result also applies its superior, Jared Cohen, a in the office. Yet you do not want to believe what Dale and Sullivan noted, namely that for some weeks papers of the bank ( asset-backed securities - which triggered the financial crisis in 2007 - bundled securitized real estate loans in packages) were evaluated completely wrong, that they are much too many of these papers have in the books and the bank could be broke at small deviations of the predicted market movements.

Immediately, the Executive Committee (corresponds roughly to the Board ) informed and there will be a night emergency meeting. In this crisis meeting determines the CEO, at night with the helicopter flown in John Tuld that the next morning immediately all " bad paper " must be sold at any price, just so the bank will be saved. Tuld feel "that the music has stopped playing " (an allusion to the famous remark of Charles " Chuck " Prince, former Citigroup chief ) and recognizes that the market will collapse. His motto is that anyone who wants to survive in this business, either must be very smart or cheat, faster than the other. He does not want to " cheat ", but he would " be the first out the door " - and even though he knows and know all his employees that his clients, the buyers of the papers, so that heavy losses suffered, some might be driven about to ruin the trust will be destroyed in the bank for years.

Eric Dale is sought even in the early morning of Emerson and Bregman in his not abgezahlten house: so his silence is insured, he is invited for the day for a lot of extra money in the bank. Although he refuses at first, then comes but later even to the bank, because he had never had any choice.

Rogers has moral concerns, prompting Tuld offers him a big bonus. On the next business day Rogers offers each of its traders a bonus of $ 1.4 million when he sold 93% of his assigned values ​​. He provides additional $ 1.3 million per employee in prospect if the entire department can sell 93% of all papers. This has to go in a few hours on the stage, before the market becomes suspicious. All dealers do with. Rogers is then opened by Cohen to be further employed in the bank.

In an interview with Sam Rogers Tuld justifies this way of dealing with the market so that man so was flat and just not the fingers from playing could be ( with money ), whereupon he the crises since the beginning of trading on the one hand fascinating and on the other hand frighteningly often recurring enumerates:

Rogers eventually decides another two years to stay in the bank, but indicates to do so only for financial reasons, not because Tulds arguments.

At the end of the sale day, some traders must be dismissed. Peter, however, is conveyed. John Tuld says that you will need such intelligent people like Peter in the coming times. Sam goes at night to the house of his ex-wife and buried his dog, who died of liver cancer.

Background

  • The film is the debut feature from writer-director JC Chandor.
  • Theatrical release in Germany was on 29 September 2011, in the U.S., the film came on 21 October 2011 in the cinemas.
  • Margin Call was first presented at the Sundance Film Festival and then at the 61st Berlinale 2011 in Berlin. He was also nominated for the Golden Bear.
  • Margin Call was produced by Zachary Quinto production company, Before The Door Pictures, by Quinto and his two co- producer Neal Dodson and Corey Moosa.

Reviews

" The drama develops in the lofty heights of the boardrooms. Again and again directs the camera the view from the windows on the skyline of New York, which presents its beauty and at the same time makes clear the height of the drop is negotiated in these high-rise buildings. The corrupting effect of greed and fear is visible. The attacks then soon people who think they have a conscience. The film describes a brief period, in the long term harm is done, and all that is smart enough ahead to take those highly sensitive moment in which a period of economic unconcern ends. But the fictional twenty-four hours of " Margin Call " only show the big bang of a crisis. The surprise is long gone. She was overtaken by more and other financial crises that develop in reality gradually everyday presence. "

"Unlike Oliver Stone in " Wall Street II " JC Chandor does not attempt to explain in a fascinatingly bad shape the crisis. Because he knows the world of finance brokers from his father here, who worked at Merrill Lynch, the director poised between " system " and "character ": in fact, it is only once surprising to see in the center of the huge disaster just normal people who somehow have to behave while they are on the wall with the back. [ ..] " The machine of which they are a part, has become so large and complex that no one could comprehend the destructive power that emanated from her. Till it was too late ," says JC Chandor. Less friendly can you look at it the other way around. The people who operate such a machine are limited, trivial and lacking in character that the disaster is inevitable "

Awards

2011, the film in the award of the New York Film Critics Circle Awards was awarded as Best debut.

At the Academy Awards in 2012, the film was nominated for Best Original Screenplay in the category.

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